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a IIMOMMEMINumml Please retum to: Catrina DeLosh Public Works Department PO Box 1968 Grand Island, NE 68802 rn - n n z m D This Space Reserved for Register of Deeds LICENSE AGREEMENT c:: rV CD CJ1 Cr) This License Agreement is made by and between the CITY OF GRAND ISLAND, NEBRASKA, a municipal Corporation, herein referred to as the "Licensor" and GRAND ISLAND ENTREPRENEURIAL VENTURE, LLC, a Nebraska limited liability company, hereinafter referred to as the "Licensee ". 1. STATEMENT OF PURPOSE. The purpose of this License Agreement is to set forth the terms and conditions, under which the Licensee may construct, maintain, repair, and utilize the following described improvement which will infringe upon City property: To encroach in the City public right -of -way, from edge of building located at 401 West 3 Street, a maximum up 24- inches for projecting down light band (overhead) and a maximum of 12- inches for anodized aluminum louvers, per the attached Exhibit "A ". An 8' vertical clearance above the walkway must also be maintained. If at any time the City of Grand Island deems such clearance isn't being maintained modifications shall be made to allow for the minimum clearance at the sole expense of the Licensee. 2. DESCRIPTION OF LICENSEE'S REAL ESTATE. The Licensee owns the following described real estate adjacent to the Licensor's real estate to which this License Agreement shall apply: LOTS ONE (1) AND TWO (2) AND THE EASTERLY FORTY -FOUR (44) FEET OF LOT THREE (3), IN BLOCK SIXTY -THREE (63), IN THE ORIGINAL TOWN, NOW CITY OF GRAND ISLAND, HALL COUNTY, NEBRASKA. 3. LICENSEE'S DUTIES AND RISKS. It is understood and agreed that the Licensee may construct, maintain, repair and utilize the above described improvement at the Licensee's sole risk. The Licensee hereby waives any claim for damages against the Licensor, its officers, employee, agents and independent contractors for any damage or injury that may result to said improvement. If the Licensor, in its sole discretion, determines that any part or all of the improvement must be removed or is damaged by the Licensor, its employees, agents or independent contractors working for the Licensor during the course of their employment or duties with the Licensor, the Licensee agrees to assume and pay all costs relating to the replacement or repair of the improvement. Licensee indemnifies and holds the City harmless from and against all claims arising out of the use or occupancy allowed under this agreement. 4. PROTECTION OF EXISTING UTILITIES. The Licensee is responsible for locating and coordinating original construction and future maintenance work on the described improvement. No excavation work will be permitted in the area of underground utility facilities until all such facilities have